New Energy Commercial Auto Insurance Self-Pricing Coefficient Range Expected to Adjust to 0.5–1.5

On September 19, it was reported that the autonomous pricing coefficient range for new energy commercial vehicle insurance is expected to be adjusted to 0.5–1.5, aligning with the current range for fuel-powered vehicles. Previously, the National Financial Regulatory Administration and three other departments issued the "Guiding Opinions on Deepening Reform, Strengthening Regulation, and Promoting High-Quality Development of New Energy Vehicle Insurance," which explicitly called for a reasonable optimization of the floating range of the autonomous pricing coefficient for new energy commercial vehicle insurance. Subsequently, the coefficient range was first adjusted from 0.65–1.35 to 0.6–1.4, and then further adjusted to 0.55–1.45. The current autonomous pricing coefficient range for fuel-powered commercial vehicle insurance stands at 0.5–1.5. Based on the benchmark premium, insurers may apply an autonomous pricing coefficient as low as 0.5 or as high as 1.5. However, the final premium also incorporates additional factors such as the NCD (No Claim Discount) coefficient. The NCD coefficient is a standardized premium adjustment factor calculated by the insurance industry based on the policyholder’s past claims history. The autonomous pricing coefficient, applied in addition to the benchmark premium and NCD coefficient, reflects insurers’ comprehensive assessment of factors including the policyholder’s age, driving habits, and vehicle risk profile. The formula for calculating auto insurance premiums is: Premium = Benchmark Premium × NCD Coefficient × Autonomous Pricing Coefficient. Wang Guojun, a professor at the School of Insurance, University of International Business and Economics, noted that after the adjustment of the pricing coefficient to 0.5–1.5, the market will move toward “one price per vehicle,” meaning not all car owners will benefit from lower premiums. According to estimates, models with low claim frequency and low repair costs could see premiums decrease by 10%–20%, while vehicles with high parts-to-whole ratios and frequent claims will face premium increases, with some rising by more than 20%.